BMW and Toyota Sign Agreements to Collaborate on Battery and Lightweighting Technologies

January 28, 2013

BMW Group and Toyota Motor Corp. have signed binding agreements to collaborate on a number of technologies, including new battery technology, a fuel cell system, lightweight materials, and a joint platform concept for a mid-size sports vehicle that the automakers said will be complete by the end of 2013. These new agreements follow a memorandum of understanding that the companies signed in June, 2012.